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PVSRA Scalping with Cigarguy

  • #6,461
  • Jan 11, 2017 4:53am Jan 11, 2017 4:53am
USDJPY M1 - 2 trades total of +5.5PIPS

I accidentally closed the 1st trade by accident but managed to make 0.5 PIPS. Got into the trade again and made another 5PIPS.
Reasons for going LONG
- First of all, I have noticed that there was a bit of a strong resistance around 116.340
- Dragon was moving up, inclination was awesome, PA being traded above the 200EMA
- Break of the previous high with a green candle and very notable volume, which also broke the resistance level 116.340
Got my target and exited
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-ftt-sweden-ab-2.png Size: 81 KB
  • #6,462
  • Edited 5:59am Jan 11, 2017 5:13am | Edited 5:59am
Quoting robmagario
USDJPY M1 - 2 trades total of +5.5PIPS I accidentally closed the 1st trade by accident but managed to make 0.5 PIPS. Got into the trade again and made another 5PIPS. Reasons for going LONG - First of all, I have noticed that there was a bit of a strong resistance around 116.340 - Dragon was moving up, inclination was awesome, PA being traded above the 200EMA - Break of the previous high with a green candle and very notable volume, which also broke the resistance level 116.340 Got my target and exited {image}
Although the trend is bull, but the big red candle plus a bear pin bar, I guess there will be a retrace, so ...

Too slow, closed the second short
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 49 KB
Be a spectator, not a player
  • #6,463
  • Jan 11, 2017 5:45am Jan 11, 2017 5:45am
Been lurking here for a while now trading. Only recently switched to MT4 to obtain the indicators after I couldn't modify them onto cTrader.
Anyway, quick trade taken on USD JPY with

1. Green candle breaking above 116.25 level with noticeable volume

TP at around 3.2 pips since I'm still waiting for the US session to open for more liquidity.

Attached Image (click to enlarge)
Click to Enlarge Name: 11-01-17.png Size: 85 KB
  • #6,464
  • Jan 11, 2017 6:02am Jan 11, 2017 6:02am
Quoting bion92
Been lurking here for a while now trading. Only recently switched to MT4 to obtain the indicators after I couldn't modify them onto cTrader. Anyway, quick trade taken on USD JPY with 1. Green candle breaking above 116.25 level with noticeable volume TP at around 3.2 pips since I'm still waiting for the US session to open for more liquidity. 11-01-17.png;2135083 {image}
Seems I interpretate the PA differently with you and Rob
Be a spectator, not a player
  • #6,465
  • Jan 11, 2017 6:06am Jan 11, 2017 6:06am
Quoting wiserltz
{quote} Seems I interpretate the PA differently with you and Rob
xD. I still think this session will favour the bears since 116.50 is such a strong resistance in the past week and with no major news coming out till friday, it shouldn't break this level. Still waiting for the US open and price getting slammed down 100 pips again.
  • #6,466
  • Jan 11, 2017 6:15am Jan 11, 2017 6:15am
Quoting bion92
{quote} xD. I still think this session will favour the bears since 116.50 is such a strong resistance in the past week and with no major news coming out till friday, it shouldn't break this level. Still waiting for the US open and price getting slammed down 100 pips again.
Yes, I short EJ also but closed too early, so maybe the slammed down came early
UJ also
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 55 KB
Click to Enlarge Name: USDJPYM1.png Size: 49 KB
Be a spectator, not a player
  • #6,467
  • Edited 8:50am Jan 11, 2017 8:33am | Edited 8:50am
This one fired back badly... It looked like a good entry to me, breaking lows with good volume, dragon, 200, USD was losing its London gains more or less everywhere, and then just htat huge green column against me. Any advice?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-pepperstone-group-limited.png Size: 88 KB
  • #6,468
  • Edited 9:13am Jan 11, 2017 8:52am | Edited 9:13am
UJ long with trend, a textbook M15 entry
Closed early, so enter again and increase lots to get more pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 94 KB
Click to Enlarge Name: USDJPYM1.png Size: 56 KB
Be a spectator, not a player
  • #6,469
  • Jan 11, 2017 9:21am Jan 11, 2017 9:21am
Quoting the3mp
This one fired back badly... It looked like a good entry to me, breaking lows with good volume, dragon, 200, USD was losing its London gains more or less everywhere, and then just htat huge green column against me. Any advice? usdjpy-m1-pepperstone-group-limited.png;2135361 {image}
Check HTF M15 PA respecting EMA200
Be a spectator, not a player
  • #6,470
  • Jan 11, 2017 9:23am Jan 11, 2017 9:23am
Quoting wiserltz
{quote} Check HTF M15 PA respecting EMA200
Yeah thought about that after seeing your entry
Thanks
  • #6,471
  • Jan 11, 2017 10:39am Jan 11, 2017 10:39am
Wow, MM show us their power
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 72 KB
Be a spectator, not a player
  • #6,472
  • Jan 11, 2017 12:52pm Jan 11, 2017 12:52pm
Quoting wiserltz
Wow, MM show us their power {image}
Yep, tanking so hard. Probably due to Trumps speech lel.
  • #6,473
  • Jan 11, 2017 3:52pm Jan 11, 2017 3:52pm
Quoting wiserltz
Wow, MM show us their power {image}
Hi wiserltz, wondering what you are using on your chart for your trade / order Manager - Long / Short ... close All... etc

Thanks
PS is anyone using the OrderManager EA live or should this be avoided as I see some comments on it randomly opening orders
  • #6,474
  • Edited 6:29pm Jan 11, 2017 6:16pm | Edited 6:29pm
Quoting atraderfx
{quote} Hi wiserltz, wondering what you are using on your chart for your trade / order Manager - Long / Short ... close All... etc Thanks PS is anyone using the OrderManager EA live or should this be avoided as I see some comments on it randomly opening orders
Mine is working fine but always test order manager indicators/EA's on a demo for yourself...
Keep It Simple
  • #6,475
  • Jan 11, 2017 6:41pm Jan 11, 2017 6:41pm
As a IB for TradersWay, thought I would give a FYI regarding software maintenance scheduled for tomorrow:

Tomorrow morning, 01/11/2017 at 06:00 MT4 server time our IT Department will be performing a reboot of the TradersWay-Live server. Please plan your trading accordingly as accounts will not be accessible for approximately 5 to 10 minutes. We appreciate your understanding as this reboot is necessary to ensure the continued stability of our services.

Stay GREEN My Friends,

Cigarguy
Keep It Simple
  • #6,476
  • Jan 11, 2017 7:14pm Jan 11, 2017 7:14pm
UJ M1 FIFO scalp +87 (avg. +7.2 @ 12 lots) See chart for explanation. I been too busy with outside business and miss trading with you guys.... Found some time for a quick sting Let the MM's show the way with their momentum and grabbed their shirt tails & went along for the ride.

Keep It Simple and Stay GREEN My Friends,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-01-11_18-21-26_USDJPYi_M1_.png Size: 54 KB
Keep It Simple
  • #6,477
  • Jan 11, 2017 7:38pm Jan 11, 2017 7:38pm
UJ M1 FIFO scalp +9 (avg. +4.5 @ 2 lots) Pretty much same as above....nothing difficult letting the sneaky MM's show the way.....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-01-11_18-46-06_USDJPYi_M1_.png Size: 56 KB
Keep It Simple
  • #6,478
  • Jan 11, 2017 7:50pm Jan 11, 2017 7:50pm
The sneaky MM's can at times be so obvious....Traders don't need lagging indicators to see how they often trade levels hoping to catch wrong way retail traders and grab stops.......As scalpers we must watch our charts and trade what we see not what we think....
Attached Image (click to enlarge)
Click to Enlarge Name: Snapshot2017-01-11_18-58-18_USDJPYi_M1_.png Size: 53 KB
Keep It Simple
  • #6,479
  • Jan 11, 2017 7:59pm Jan 11, 2017 7:59pm
For the PVSRA scalpers trading our white chart with PVSRA candles here is the same trade as above (2 posts back) for your study if interested...I trade both black or white makes no difference to me it's up to each trader as to their preference.....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM1.png Size: 99 KB
Keep It Simple
  • #6,480
  • Jan 11, 2017 8:16pm Jan 11, 2017 8:16pm
Quoting cigarguy
The sneaky MM's can at times be so obvious....Traders don't need lagging indicators to see how they often trade levels hoping to catch wrong way retail traders and grab stops.......As scalpers we must watch our charts and trade what we see not what we think.... {image}
Hi CG, sorry not completely sure about that, from momentum do you see mm want to push retailers to go short as mm want to go long ? Or i m wrong could you please explain a little bit more ?
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